Market Overview
Home Prices in Alloway, NJ
The median home value in Alloway, NJ is $307,702 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.9% compared to a year ago and up 2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Alloway are priced25% below average. Alloway is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro area.
Over the past five years, Alloway home values have risen by approximately31.7%, reflecting strong long-term appreciation in this market.
Price History
Alloway Home Price Trend
City Comparison
Alloway vs. National Median
At $307,702, homes in Alloway cost 25% below the national median of $410,000. This makes Alloway a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Alloway?
20% Down Payment
$61,540
on $307,702
Monthly P&I
$1,605/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,038/mo
incl. taxes & insurance
Income Needed
$81,520
gross annual (30% rule)
10% Down Option
$30,770
+ PMI applies
Loan Amount (20% dn)
$246,162
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Alloway, NJ?
The median home value in Alloway is $307,702 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.9% year-over-year.
How much have home prices changed in Alloway?
Over the past year, home values in Alloway have increased by 4.9%. Over five years, prices have risen approximately 31.7%.
How much do I need to earn to buy a home in Alloway?
To comfortably afford the median home price of $307,702 with a 20% down payment ($61,540) at today's rates (6.8%), you'd need a gross annual income of approximately $81,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Alloway compare to the national average home price?
The national median home value is approximately $410,000. At $307,702, homes in Alloway are 25% below the national average.
What metro area is Alloway part of?
Alloway is part of the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan area. Home prices and market conditions can vary across the broader metro region.